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The total population of Lake township is estimated to be 2,836 with 1,432 males (50.49%) and 1,404 females (49.51%). There are 28 less females than males in Lake township.
The median household income in Lake township was $62,868 in 2021, which marked an an increase of 3,321(5.58%) from $59,547 in 2020. This income is 84.27% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lake township sees its highest median household income among householders in the age group of 25 to 44 years old, at $72,576. Overall, the median household income for the township of Lake township stands at $62,868.
In Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $36,757 for males and $26,822 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,991 for males and $38,332 for females.
In Lake township, there are just two different racial groups among households. Among these, White households report a median household income of $64,378, while Two or More Races households have a median household income of $38,423.
In 2022, the population of Lake township was 2,846, a 0.25% increase year-by-year from 2021. Previously, in 2021, Lake township's population was 2,839, an increase of 0.64% compared to a population of 2,821 in 2020.
The median age in Lake township, Missaukee County, Michigan is 51.1, as per 2021 ACS 5-Year Estimates. Of the total population, 14.48% were under the age of 15, 10.69% aged 15 to 29, 49.65% aged 30 to 64, 22.38% aged 65 to 84, and 2.80% were 85 years of age and older.
Racial distribution of Lake township population: 93.09% are White, 0.32% are Black or African American, 0.81% are American Indian and Alaska Native, 0.21% are Asian, 0.04% are some other race and 5.52% are multiracial.